Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,290,000
Hotels
819 Phillips Ln Louisville, KY 40209-1329
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US34-2364761
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2001
Total area
89,040 SF
Lot
2.21 ac (96,268 SF)
Zoning code
C2-COMMERCIAL
APN
13083K01710000
UPID
US34-2364761
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Courtyard Louisville Airport Hotel & Motel
-
XC Championships Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.53M
Blend (final)
Blend
$13.29M
Owner & transaction history
Chg Louisville Airport Acquisitions · 2 yrs held
Chg Louisville Airport Acquisitions
since 2023
Last sale
$15.2M
2 recorded transactions
Zoning & alternative use
C2-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.6M
+69.3%
Auto repair, garage
$17.1M
+47.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$12,655,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$11,595,000
Current use
RESTAURANT
$19,625,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,050,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$11,330,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$10,370,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$13.29M
Range $11.96M – $14.62M · ±10% · vs last sale $15.23M (Sep 21 2023)
Last sale anchor
$15.23M
Sep 21 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$149 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$179,359
Tax year 2023
Assessed value
$13,365,080
Assessed 2023
Previous assessed
$7,500,000
+78.2% YoY
Effective rate
1.34%
On assessed value
Assessed land
$708,980
Assessed improvement
$12,656,100
Land market value
$708,980
Improvement market value
$12,656,100
Total market value
$13,365,080
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2001
Heating
YES
Cooling
NONE
Stories
6
Total area
89,040 SF
Lot
2.21 ac (96,268 SF)
Zoning code
C2-COMMERCIAL
APN
13083K01710000
UPID
US34-2364761
Jurisdiction
JEFFERSON
Zoning & alternative use
C2-COMMERCIAL · Louisville, KY
Zoning C2-COMMERCIAL · permitted uses
C2-COMMERCIAL · Louisville, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Louisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$11.6M
RESTAURANT
Est. value
$19.6M
AUTO REPAIR, GARAGE
Est. value
$17.1M
RETAIL STORES
Est. value
$11.3M
OFFICE BUILDING
Est. value
$10.4M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Stories
6
Lot
2.21 ac
Current owner
From public records · entity-resolved
Chg Louisville Airport Acquisitions
Individual
Mailing address
150 E BROAD ST STE #800, COLUMBUS, OH 43215-3610
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2023
$15,227,800
Chg Louisville Airport Acquisitions
Ashford Louisville Limited Partners
Special Warranty Deed
—
—
—
Ashford Louisville LP
—
Deed Of Trust
related
$67,520,000 · Morgan Stanley Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 819 Phillips Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
